During the eight years, European fiscal and financial governance structures have improved and a risk control network for eurozone countries has been set up. However, the conclusion of Greece’s bailouts does not mean the losses and scars sustained during the European debt crisis have been totally wiped out.
At the 13th G20 Summit in Argentina, Chinese President Xi Jinping and Trump reached an agreement on December 1. It was decided there would be a 90-day pause before fresh tariffs were imposed. The two sides agreed to step up negotiations during the truce to remove all additional tariffs and reach a win-win deal.